RGI 0.00% 22.0¢ roto-gro international limited

Ann: RotoGro Executes Term Sheet for Technology License Agreement, page-2

  1. 24,170 Posts.
    lightbulb Created with Sketch. 34
    Hmm?


    SO they have to buy 624 units of model 710 by Dec 31 NEXT YEAR at $14000 per unit (8.7 million dollars) or have I misunderstood?

    But during the first 5 years they also have the right to make their own 710 units for a royalty of $2000 per unit?

    Also who are Verity Greens? The closest I could find was Verity Corp. (currently trading at 4.2c USD) whose weblink goes to a dead page.

    https://www.marketscreener.com/quote/stock/VERITY-CORP-12957939/company/

    https://www.bloomberg.com/profile/company/VRTY:US

    Maybe it's a different company?

    More conversation here: https://tinyurl.com/y5yuju4f


    Hope someone can shed more light.




 
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